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New Jersey Launches Largest 'Single-State' Solicitation For 1.1-Gigawatts of Offshore Wind Power

The New Jersey Board of Public Utilities approved an application window for 1,100 megawatts of offshore wind capacity, the first step towards meeting the state’s 3,500-megawatt goal by 2030, according to a Sept. 17 press release. Developers can file applications from Sept. 20 to Dec. 28. The board plans to review the applications by July 1, 2019, to allow enough time for developers to qualify for the federal tax credits scheduled to expire at the end of 2019. These credits are expected to cover 12 percent of the total project cost. The U.S. offshore wind industry is picking up pace as eastern states are setting aggressive wind energy procurement goals. Massachusetts, Rhode Island, and Connecticut recently contracted for offshore wind capacity totaling 1.4 gigawatts.

September 9, 2018
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